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5 Cards in this Set
- Front
- Back
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Global Trading System |
War debts, trade within empires greatly promoted by said empires, Germany employs "autarky" (countries receive awards or threats for trading) |
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Money Supply |
Federal reserve cut money supply from 1929-32, which inhibited investments |
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Unequal Distribution of Wealth |
People could not afford same amount of goods they produce |
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Business Practices |
Excesses of big business caused an unstable, bubble-like economy |
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Public Behavior |
people decided to spend less and businesses responded by cutting back on production and laying off workers with the decrease in demand |
